UCRD vs. VFLO

Last updated Jun 3, 2026

UCRD (VictoryShares ESG Corporate Bond ETF) and VFLO (Victoryshares Free Cash Flow ETF) are both exchange-traded funds - UCRD is a Corporate Bonds fund actively managed by Victory, while VFLO is a Large Cap Value Equities fund tracking the Victory U.S. Large Cap Free Cash Flow Index. UCRD is actively managed, while VFLO is passively managed. Over the past year, UCRD returned 6.39% vs 38.74% for VFLO. At a 0.26 correlation, their price movements are largely independent. UCRD charges 0.40%/yr vs 0.39%/yr for VFLO.

Performance

UCRD vs. VFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares ESG Corporate Bond ETF (UCRD) and Victoryshares Free Cash Flow ETF (VFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UCRD achieves a 0.72% return, which is significantly lower than VFLO's 20.09% return.

UCRD

• 1D: 0.05%
• 1M: 0.34%
• YTD: 0.72%
• 6M: 0.77%
• 1Y: 6.39%
• 3Y*: 5.71%
• 5Y*: —
• 10Y*: —

VFLO

• 1D: -0.44%
• 1M: 10.60%
• YTD: 20.09%
• 6M: 21.04%
• 1Y: 38.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UCRD vs. VFLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UCRD VictoryShares ESG Corporate Bond ETF	0.72%	7.90%	2.68%	5.82%
VFLO Victoryshares Free Cash Flow ETF	20.09%	17.51%	21.83%	14.59%

Correlation

The correlation between UCRD and VFLO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jun 23, 2023	0.26

Return for Risk

UCRD vs. VFLO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UCRD

UCRD Risk / Return Rank: 41
UCRD Sharpe Ratio Rank: 41
UCRD Sortino Ratio Rank: 43
UCRD Omega Ratio Rank: 40
UCRD Calmar Ratio Rank: 43
UCRD Martin Ratio Rank: 41

VFLO

VFLO Risk / Return Rank: 85
VFLO Sharpe Ratio Rank: 78
VFLO Sortino Ratio Rank: 82
VFLO Omega Ratio Rank: 75
VFLO Calmar Ratio Rank: 94
VFLO Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UCRD vs. VFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares ESG Corporate Bond ETF (UCRD) and Victoryshares Free Cash Flow ETF (VFLO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	UCRD	VFLO	Difference
Sharpe ratio Return per unit of total volatility	1.49	2.60	-1.11
Sortino ratio Return per unit of downside risk	2.19	3.76	-1.57
Omega ratio Gain probability vs. loss probability	1.27	1.46	-0.19
Calmar ratio Return relative to maximum drawdown	2.15	7.82	-5.67
Martin ratio Return relative to average drawdown	6.72	23.81	-17.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UCRD vs. VFLO - Sharpe Ratio Comparison

The current UCRD Sharpe Ratio is 1.49, which is lower than the VFLO Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of UCRD and VFLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UCRD	VFLO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	2.60	-1.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	1.63	-1.60

Drawdowns

UCRD vs. VFLO - Drawdown Comparison

The maximum UCRD drawdown since its inception was -22.37%, which is greater than VFLO's maximum drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for UCRD and VFLO.

Drawdown Indicators

	UCRD	VFLO	Difference
Max Drawdown Largest peak-to-trough decline	-22.37%	-17.79%	-4.58%
Max Drawdown (1Y) Largest decline over 1 year	-2.90%	-4.98%	+2.08%
Max Drawdown (3Y) Largest decline over 3 years	-6.54%	—	—
Current Drawdown Current decline from peak	-0.93%	-2.08%	+1.15%
Average Drawdown Average peak-to-trough decline	-8.42%	-2.42%	-6.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	1.63%	-0.70%

Volatility

UCRD vs. VFLO - Volatility Comparison

The current volatility for VictoryShares ESG Corporate Bond ETF (UCRD) is 1.48%, while Victoryshares Free Cash Flow ETF (VFLO) has a volatility of 6.04%. This indicates that UCRD experiences smaller price fluctuations and is considered to be less risky than VFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UCRD	VFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	6.04%	-4.56%
Volatility (6M) Calculated over the trailing 6-month period	3.24%	11.05%	-7.81%
Volatility (1Y) Calculated over the trailing 1-year period	4.32%	15.02%	-10.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.56%	15.93%	-8.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.56%	15.93%	-8.37%

UCRD vs. VFLO - Expense Ratio Comparison

UCRD has a 0.40% expense ratio, which is higher than VFLO's 0.39% expense ratio.

Dividends

UCRD vs. VFLO - Dividend Comparison

UCRD's dividend yield for the trailing twelve months is around 4.17%, more than VFLO's 1.19% yield.

Position	TTM	2025	2024	2023	2022	2021
UCRD VictoryShares ESG Corporate Bond ETF	4.17%	4.05%	4.00%	3.56%	2.72%	0.54%
VFLO Victoryshares Free Cash Flow ETF	1.19%	1.60%	1.20%	0.71%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UCRD and VFLO in my portfolio?

UCRD and VFLO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UCRD or VFLO?

VFLO has higher volatility (6.04%) compared to UCRD (1.48%). In terms of maximum drawdown, UCRD dropped -22.37% vs VFLO's -17.79%.

Which ETF is better, UCRD or VFLO?

On 1-year performance, VFLO leads with 38.74% vs 6.39% for UCRD. On fees, VFLO is cheaper at 0.39% per year. On volatility, UCRD has been the lower-risk option at 1.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UCRD or VFLO?

Over the 1-year period, VFLO has performed better with a 38.74% return vs 6.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UCRD or VFLO?

VFLO is cheaper with a 0.39% expense ratio, compared with 0.40% for UCRD.

Which ETF pays a higher dividend yield, UCRD or VFLO?

UCRD has the higher dividend yield at 4.17%, compared with 1.19% for VFLO.

What is the main difference between UCRD and VFLO?

UCRD is categorized as Corporate Bonds, while VFLO is Large Cap Value Equities. Their fees differ too: 0.40% for UCRD and 0.39% for VFLO.

Which has better risk-adjusted returns?

VFLO currently has the higher Sharpe Ratio (2.60 vs 1.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.